Subnostr

B.O.P

I disagree

These applications by Blackrock/fidelity are Trusts not actual ETFs…they are going through iShare. They will buy bitcoin in bulk (as they have been for the last 1+yr and eventually sell/buy more depending on demand of their shares.

At the end of the day, more institutional buying, less liquid supply on the market for people to buy. Number goes up.

CTarian 2y ago

I hope you're right, but I have my doubts. Guess we'll see.

Reply to this note

Please Login to reply.

Discussion

B.O.P 2y ago

Healthy skepticism is good! This also solidifies in people’s eyes that the govt isn’t going to make Bitcoin illegal if these massive power houses of industry are behind it

B.O.P 2y ago

Which can drive demand. When supply is the same and demand raises, that’s NGU

CTarian 2y ago

Innovation would drive demand if supply is the same.. Make that product better, or, a competitor could come along with that better mousetrap.